US President Donald Trump has come under fresh scrutiny after newly released financial disclosures revealed that he or his investment advisers carried out a whopping over 3,700 trades during the first quarter of 2026, according to multiple media reports.
The reports suggest that the cumulative value of transactions disclosed in broad ranges rather than exact amounts, spanned between around $220 million and nearly $750 million during the January-March quarter of 2026.
The disclosures, filed with the US Office of Government Ethics, reportedly span more than 100 pages and detail transactions involving several major American corporations, including Nvidia, Microsoft, Oracle, Boeing and Costco. The filings reportedly show purchases and sales worth hundreds of millions of dollars, although exact figures remain unclear because the trades were disclosed in broad value ranges.
The flurry of trading activity, averaging over 40 trades a day has surprised several Wall Street observers, especially because many of the companies involved have direct dealings with the Trump administration.
Big Tech, Media And Defence Stocks In Focus
Media reports suggest that Trump’s disclosed transactions included investments in companies such as Nvidia, Oracle, Microsoft, Boeing, eBay, Uber, Abbott Laboratories, AT&T and Dollar Tree.
The filings also reportedly showed multiple trades linked to Intel, Netflix, Paramount Skydance and Warner Bros Discovery.
Donald Trump reportedly disclosed transactions involving Tesla, Apple, Meta, Visa, Qualcomm and GE Aerospace as well.
Some of these companies have been directly impacted by Trump administration’s policies or maintain regular engagement with the White House.
For instance, Nvidia, whose advanced AI chips require US government approvals for certain overseas sales, was among the companies linked to Trump’s reported investments. Interestingly this has made eyebrows climb further over Nvidia CEO Jensen Huang’s last minute inclusion in Trump’s entourage for the 13 to 15 May state visit to China.
Huang was not on the list of invitees. Then trump personally called and asked him to join. Huang flew to Anchorage International Airport in Alaska to board Air Force One mid-journey. He accompanied Trump to Beijing for high-stakes economic talks with Chinese President Xi Jinping alongside executives from Boeing, Citigroup and Tesla.
Conflict-Of-Interest Questions Resurface
The disclosures have reignited debate in the US over potential conflicts of interest involving the president’s business dealings.
Unlike several previous American presidents who placed assets in blind trusts, Trump has continued to retain ownership of his business empire, which is managed by his sons. Critics have repeatedly alleged that the overlap between Trump’s business interests and government policy decisions raise ethical concerns. In fact Trump’s son-in-law Jared Kushner continues to oversee investment operations with financial backing from Gulf nations, while also remaining involved in diplomatic efforts linked to West Asia. Kushner has been part of direct and indirect negotiations with Iran in Pakistan alongside special envoy Steve Witkoff to end the ongoing US-Israel war.
However, the White House has denied any wrongdoing. International media reports quoting a spokesperson for the Trump Organisation say that neither Trump nor his family plays any role in selecting or approving specific investments, which are allegedly handled by third-party financial institutions using automated systems.
But market research companies in the US have come out with data linking the market swings to the news coming out of the White House. For example FundStrat Global’s independent research shows that Trump has virtually been the main driver of the market’s best and worst five days since his return to office.
Their data shows that the S&P 500′s best day since Trump became president again was April 9, 2025. That day Trump paused his widespread tariffs and S&P 500 surged more than 9%. On the other hand the benchmark’s worst day was on April 4, 2025, right after China retaliated with levies of its own on U.S. goods.
Why The Disclosures Matter
The disclosures are likely to intensify calls from ethics experts and opposition leaders in the US for stricter rules governing presidential financial holdings.
According to reports, the filings do not specify whether all transactions involved stocks, bonds or broader investment vehicles such as exchange-traded funds. However, the sheer scale and frequency of the trades have drawn widespread attention across political and financial circles.
